CMA CGM, SIPG and Shanghai Electric Group join forces on green methanol bunkering
- Published
by Admin
French shipping giant CMA CGM on Friday (21 March) said it has signed a green methanol long term supply cooperation agreement with SIPG Energy and Shanghai Electric Group on 20 March to develop a fully integrated green methanol value chain.
The agreement is expected to accelerate Shanghai Port’s development into a regional green methanol bunkering hub, securing its first-mover advantage in the low-carbon transformation of shipping and further consolidating Shanghai’s leadership in global maritime trade.
“This collaboration underscores CMA CGM’s leadership in maritime decarbonisation and strengthens our partnership with major Chinese partners,” the company said.
Under the agreement, Shanghai Electric Group will provide mid-to-long-term green methanol fuel supply for CMA CGM. In partnership with SIPG, green methanol will be transported via land-sea combined logistics from Shanghai Electric’s production base in Taonan to Shanghai Port, the world’s largest container port.
Shanghai Electric said the agreement will form a complete “production-transportation-bunkering” chain. The company further elaborated that its Taonan project is an important foundation for it in the field of hydrogen-based green fuels.
Firmly committed to the energy transition in shipping and its use of alternative marine fuels, CMA CGM said it has set a Net Zero-Carbon target for 2050.
Last month, CMA CGM IRON, the group’s first dual-fuel methanol made its maiden call in Singapore. With a container capacity of 13,000 TEUs, it is the first in a series of 12 new dual-fuel methanol vessels for CMA CGM.
“At CMA CGM, we address the challenges related to the availability of clean fuels. Our partnership strategy drives us to implement innovative and sustainable solutions to achieve our energy transition objectives,” said Farid Trad, Vice President of Bunkering & Energy Transition of CMA CGM Group.
“Our landmark collaboration with SIPG and Shanghai Electric Group marks a new milestone and shows our commitment to Net Zero-Carbon by 2050.”
Photo credit: CMA CGM
Published: 21 March, 2025
